IG Group Launches Spot Crypto Trading for UK Investors

IG Group (LON: IGG), a well-known trading company based in London, is stepping into the world of digital money with a new spot crypto trading option for everyday investors in the U.S. This exciting addition builds on their current services, which include crypto contracts for differences (CFDs), spread betting, and regular stock trading. The goal? To tap into the rising interest in cryptocurrencies and give people an easy way to buy, sell, and keep their digital coins.

With this new feature, IG Group will let users trade over 30 different cryptocurrencies. Think big names like Bitcoin, Ether, and XRP, plus some fun meme tokens that have caught people‘s attention. To make this work smoothly, IG has teamed up with Uphold, a trusted U.S.-based platform that’s regulated in both the U.S. and the UK. Uphold will supply the pricing info, manage all the crypto deals, and safely hold the digital assets for IGs customers. This partnership promises a dependable and secure experience for anyone jumping into crypto trading.

Michael Healy, IG‘s U.S. Managing Director, called this launch a game-changer. “This is a big deal for IG and a key step forward for crypto in the U.S., letting regular folks trade and hold digital money with a solid company,” Healy shared. Traders will love how this new option fits right into IG’s existing platform, making it simple to switch between crypto and other investment accounts like CFDs or stocks.

The push into spot crypto trading comes as more Americans show interest in digital currencies. A recent YouGov poll shows this trend clearly—about 6 percent of U.S. adults bought crypto in 2022, and that number jumped to 14 percent by 2023. This growing excitement has pushed companies like IG to offer new ways for people to get involved with crypto directly.

But the U.S. is also tightening rules around cryptocurrencies. The government is working on new laws to keep a closer eye on crypto businesses, focusing on keeping people safe. Plus, the Financial Conduct Authority (FCA) wants to stop people from using credit to buy crypto, hoping to lower financial risks. IG‘s choice to work with a regulated partner like Uphold shows they’re ready to follow these tougher rules.

IG Group isn‘t new to crypto. Back in early 2021, they paused CFD trading for regular U.S. clients due to the FCA’s temporary ban on crypto derivatives. Still, they kept serving big institutional clients with CFDs on 11 major cryptocurrencies. Now, with spot crypto trading, IG is back to helping regular investors, offering a wider and more hands-on approach.

The competition is heating up too. Companies like Crypto.com are hiring ex-IG staff to build their own CFD services. IGs latest move puts it at the forefront of the U.S. retail crypto trading scene, mixing its know-how in leveraged trading with the booming demand for spot crypto.

About IG Group

IG Group, headquartered in London, is a financial services firm with a long history of offering leveraged CFD trading, spread betting, and traditional stock trading. Since starting in 1974, it has built a strong reputation in the U.S. and worldwide. Today, IG keeps growing by adding spot crypto trading to its lineup, serving both everyday investors and large institutions.

Ready to trade crypto with IG Group? Visit their broker page now to start buying, selling, and holding Bitcoin, Ether, and more!